AUSTIN -- Just two days after this year's Formula 1 U.S. Grand Prix race, the CEO of Circuit of the Americas is stepping down.
COTA announced Tuesday that Steve Sexton will no longer be the chief executive officer of the company and venue, which hosts F1 and other events throughout the year in Austin.
Company president Jason Dial will take over the role. Sexton says he looks forward to spending more time with his family and taking a break after putting COTA on a path to success.
“This was a tough decision for me to make, but the timing is right,” Sexton said. “Our team’s accomplishments in the last three years have been remarkable, and I am very proud and privileged to have worked with a group of experienced and dedicated individuals, who’ve proven time and again that nothing is impossible. Our just-completed Formula 1 United States Grand Prix is further evidence of the exceptional experience that the COTA can deliver. And to see the way that the City of Austin, Travis County and the State of Texas have embraced our accomplishments is incredibly rewarding."
COTA Chairman Bobby Epstein said in a statement that Sexton helped build a multi-dimensional company.
"While building a first-class roster of professionals, he tirelessly navigated us through rough waters and successfully gave COTA a solid foundation. We wish Steve the very best as he takes a well-deserved break and know that his futures endeavors will likewise be great," Epstein said.
For more information on the Circuit of the Americas go here.